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GST Amnesty Scheme- Relief promised-challenges delivered?

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..... GST Amnesty Scheme- Relief promised-challenges delivered?
By: - Pradeep Reddy
Income Tax
Dated:- 20-3-2025
GST Amnesty Scheme- Relief promised-challenges delivered? Section 128A of the CGST Act, along with 𝐑𝐮𝐥𝐞 164 𝐚𝐧𝐝 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐍𝐨. 238/32/2024-⻍ .....

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..... 4;𝐒𝐓 (𝐝𝐚𝐭𝐞𝐝 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 15, 2024), aims to provide relief through waivers of interest and penalties. But here's the catch: ⚠️ 𝐅𝐨𝐫𝐦𝐬 𝐒𝐏𝐋-01 𝐚𝐧𝐝 𝐒𝐏𝐋-02, essential .....

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..... for claiming the waiver, are 𝐧𝐨𝐭 𝐲𝐞𝐭 𝐥𝐢𝐯𝐞 on the GST portal. As per the latest 𝐆𝐒𝐓𝐍 𝐚𝐝𝐯𝐢𝐬𝐨𝐫𝐲, these forms will only be available by the 𝐟𝐢𝐫𝐬𝐭 𝐰𝐞𝐞𝐤 w .....

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..... 848;𝐟 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 2025. 🚨 𝐖𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐜𝐨𝐧𝐜𝐞𝐫𝐧? The current provisions lack clarity on situations where: 👉 Orders have been passed. 👉 Appeals haven't been filed. 👉 The deadline to file .....

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..... an appeal hasn't expired as of 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 1, 2024. 💡 𝐖𝐡𝐚𝐭'𝐬 𝐚𝐝𝐯𝐢𝐬𝐚𝐛𝐥𝐞? ✅ File an 𝐚𝐩𝐩𝐞𝐚𝐥 𝐰𝐢𝐭𝐡 𝐚 10% 𝐩𝐫w .....

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..... 838;-𝐝𝐞𝐩𝐨𝐬𝐢𝐭 now. ✅ Prepare to pay the balance when the forms go live. ✅ Seek waivers for interest and penalties after that. Without filing an appeal, taxpayers could face 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐩𝐫𝐨𝐜𝐞𝐞𝐝𝐢𝐧 .....

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..... 19840;𝐬, as there's no automatic safeguard under the current framework. 🤔 𝐖𝐡𝐚𝐭'𝐬 𝐲𝐨𝐮𝐫 𝐯𝐢𝐞𝐰?
Scholarly articles for knowledge sharing by authors, experts, professionals .....

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